Minesto welcomes enhanced cooperation between European Union and the Faroe Islands
Minesto, leading ocean energy developer, welcomes the newly signed Memorandum of Understanding (MoU) on Enhanced Cooperation between the Government of the Faroe Islands and the European Union. The enhanced cooperation opens for strengthened business and public funding opportunities for Minesto, proposing 200 MW tidal energy buildout to support Faroe Islands in reaching 100% renewables by 2030.The Faroe Islands and national utility company Sev have one of the world’s most ambitious energy transition schemes, aiming for 100% renewables to 2030, where tidal energy can play a key role. Partly